Every objective and theory question in this paper, and the topic notes to revise each one.
| No. | Section | Marks | Covers |
|---|---|---|---|
| Q1 | 20 | From the previous syllabus. Asks you to prepare a weekly petty cash book with an imprest float of ₦20,000 and columns... | |
| Q2 | 20 | From the previous syllabus. A trial balance with credits exceeding debits by ₦1,030,000. Asks for the correcting jour... | |
| Q3 | 20 | From the previous syllabus. Part (a) (6 marks) gives a net worth at the start and end of a year, shares sold and a ba... | |
| Q4 | 20 | From the previous syllabus. Gives balances of a company including cash, prepaid insurance, inventory of spare parts, ... | |
| Q5 | From the previous syllabus. Asks for the annual depreciation of a machine with an initial cost, installation cost and... | ||
| Q6 | 10 | From the previous syllabus. Asks you to open a trader’s books by a journal and pass the following transactions throug... |
From the previous syllabus. Asks what the Conceptual Framework does not deal with.
From the previous syllabus. Gives partners’ capital contributions, a profit-sharing ratio after salaries and interest on capital, or equal sharing with opening balances, and asks for a partner’s share of profit and the balance on a current account.
From the previous syllabus. These ask which transactions cause a difference, why a reconciliation is prepared, and which items are or are not reconciling items.
From the previous syllabus. Asks the entry when a sole trader takes goods for personal use, the basic features of the single-entry system, and the best description of incomplete records.
From the previous syllabus. Asks for the entry when a sole trader on the end-period system takes inventory for personal use.
From the previous syllabus. These ask for the charge or allowance in the statement of profit or loss from receivables figures and a percentage.
From the previous syllabus. Asks you to prepare a weekly petty cash book with an imprest float of ₦20,000 and columns for postage and telephone, travelling, office expenses and electricity (16 marks), and to state how the expense column balances are treated in the ledger (4 marks).
From the previous syllabus. A trial balance with credits exceeding debits by ₦1,030,000. Asks for the correcting journals (15 marks) and the suspense account (5 marks).
From the previous syllabus. Asks for the suspense account for a trial balance with a credit excess of ₦1,030,000.
From the previous syllabus. Part (a) (6 marks) gives a net worth at the start and end of a year, shares sold and a bank loan put into the business, and private drawings, and asks for the profit. Part (b) (14 marks) gives the balances of a distribution company at two dates, with drawings, extra capital from a private dividend and write-downs of furniture and the motor van, and asks for a statement showing the profit or loss.
From the previous syllabus. Gives balances of a company including cash, prepaid insurance, inventory of spare parts, a machine, loan notes and share capital, and asks you to prepare the extended trial balance showing the adjustments.
From the previous syllabus. Asks for the annual depreciation of a machine with an initial cost, installation cost and estimated output in units for each of five years.
From the previous syllabus. Asks you to open a trader’s books by a journal and pass the following transactions through the journal.
From the previous syllabus. The same two tasks with a year end of 30 April: the rent recognised in profit or loss (3 marks) and in the statement of financial position (1 mark), then a rental income account (8 marks).
From the previous syllabus. A property owner’s summary of rent: accrued and prepaid at two dates, rent received, rent to be written off and an agreement fee. Asks for a rental income account.